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First Helium Closes $2.4 Million Oversubscribed Private Placement
First Helium Closes $2.4 Million Oversubscribed Private Placement Canada NewsWire ...
About this update from First Helium Inc.
[{"type":"text","content":"\n \n \n \n First Helium Closes $2.4 Million Oversubscribed Private Placement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TSXV: HELI    OTCQX: FHELF    FRA: 2MC\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Dec. 22, 2022\n \n \n \n \n /CNW/ - First Helium Inc. (\"First Helium\" or the \"Company\")\n \n \n \n (TSXV: HELI) (OTCQX: FHELF)\n \n \n (FRA: 2MC), today announced\n \n \n the closing of the\n \n \n non-brokered private placement financing\n \n \n (the \"Offering)\n \n \n \n \n disclosed on\n \n November 30, 2022\n \n . First Helium issued 12,192,000 units (\"Units\") at a price of\n \n $0.20\n \n per Unit for gross proceeds of\n \n $2,438,400\n \n .  All monetary figures in Canadian Dollars.\n \n \n \n \n \n \n \n \n \n \n \n Each Unit will consist of one common share (a \"\n \n \n Share\n \n \n \") in the capital of First Helium and one non-transferable common share purchase warrant (each whole common share purchase warrant being a \"\n \n \n Warrant\n \n \n \"). Each Warrant will be exercisable to acquire one Share at a price of\n \n $0.30\n \n per Share for a period of 24 months, expiring\n \n December 22, 2024\n \n . The Warrants will be subject to acceleration at the Company's election in the event that the Common Shares trade on the TSX Venture Exchange at a volume weighted-average price of\n \n $0.40\n \n or more per Common Share for any period of at least ten consecutive trading days after the initial Closing Date, the Company shall be entitled to accelerate the expiry time of the Warrants to a date that is at least thirty days from the date that notice of such acceleration is given via news release by the Company, with the new expiry time specified in such news release.\n \n \n \n \n First Helium intends to use the net proceeds from the Private Placement to work on its portfolio of projects in additi...